Very, I sent out way more in one single zap...
Discussion
nostr:npub1wl89d7yazg500lehg08p45dj2jzhhyqg2erj067458e3wd30djns4zn8lu you were right, it's inaccurate af - my bad 🤙
nostr:npub1wl89d7yazg500lehg08p45dj2jzhhyqg2erj067458e3wd30djns4zn8lu you were right, it's inaccurate af - my bad 🤙
🤝It's very off.
I've sent over 5M in just 5 zaps (to support events, folks that need help, devs, etc etc,)and that's not even counting any of my smaller zaps on general content....just the five 1M sat zaps I've done...
And it still only ever says 1M - 4.7M was the highest I've ever seen it personally...
The whole nostr community helped me out with 5M sats to not be homeless, and I can't even prove anywhere that I've given that 5M sats plus more back out....
🙄
Bruh you're literally describing a Nostr-Bitcoin circular economy & then claim it's nonexistent 🤦♂️
😂
prove it from reliable stats somewhere....
Show me the circular economy here on nostr so I can show others.....
You can not believe something, and also know it.
🤣🤣🤣🤣🤣🤣
i think he might have been convinced by someone (selling him inscribed sats) to believe bitcoin (supposedly) needs inscriptions bc of this circular economy bs definition 😐
Even in fiat you don't get the same dollar bill back 🤷🏾🤷🏾🤷🏾🤷🏾
especially considering inflation 😂😂
I buy sats, I earn sats, I save in sats I use sats (pay, give). There is people here who can earn the living by selling services and live from those sats.
#circulareconomy
#PlebsEconomy
That's my point....
Actual circular economies, don't exist, only in your head.
no that's not your point
you're not saying that
also do you read our other replies? are you trolling us??
My WHOLE POINT;
THERE IS NO CIRCULAR ECONOMY HERE.
People just buy and sell things in bitcoin over nostr...
Only been told there is and believed it because you got hyped up about something new with bitcoin....
I fell for it too...
It's not this.
This "nostr circular economy", is only here, because someone else said it was. That doesn't make it factual.
There's no proof of this "nostr-bitcoin circular economy" in stats, or my inscribed sats coming back to me in some fasion.
Therfore, it doesnt exist.
I pay you for a meme you send some chick a tip for her feet. She pays a a dev for new feature she loves. A dev send sats to a granny to help her fighting evil corporation. THAT IS CIRCULAR ECONOMY.
There is no inscribed sats lol. When you send someone sats for gm ☕️ there is nothing that says those sats will ever come back to you. But create a value tomorrow, say something interesting, share a content someone finds valuable and someone will send you sats. There is some things people find much more valuable than others and some causes more important than others. Create value, work, learn and BE HUMBLE and work more, then it will pay off.
Sounds the same as fiat but with bitcoin over nostr...
Dollars moving.
Sats moving.
Show me the circular....
Belief is in the mind, while proof comes from the eyes.
Yes. You pay for things. Like in every economic system. You pay.
All I'm getting, is folks SAYING "there's circular economy here"....
Why can't you show it to me?
Becuse there isn't a real circular economy here, you've just been told their is....
Replace sats with fiat in your last reply...
Looks the fucking same. Its a Doppelganger 100% match.
Are you saying that fiat is a circular economy too? No your not.
Stop following the masses, alot of times the m is silent.
wtf
i think i just lost some braincells reading this 🫠
Here on nostr a lot of learning is happening some collateral damage may happen tho
Obviously none of yall are meant to be my teacher just saying the same shit over and over....leading me to say the same shit over and over....
Explain to me how me buying something is sats over nostr is a circular economy, but me buying a gallon of milk in fiat, isnt....
Anyone?
Or we just gunna resort making fun of autistic folks and the brain cells lost watching me grasp something and learn?
Ok, you dont have to get all your sats from your employer. You can also earn sats here by providing value for others. You can use the sats here if you find something worth paying for. Maybe to another person who also… provides value ♻️ That’s what we mean.
Side note, we all have autism here 🐸🐸🐸
blz patience hab neuro divergent bren
Ayv beecom payshiensss 🐢
Ok, you dont have to get all your fiat from your employer. You can also earn fiat by providing value in the world for others. You can use the fiat if you find something worth paying for. Maybe to another person who also… provides value ♻️ That’s what we mean.
Ok, you dont have to get all your sats from your employer. You can also earn sats here by providing value for others. You can use the sats here if you find something worth paying for. Maybe to another person who also… provides value ♻️ That’s what we mean.
🤔
Same thing, different currency?
What am I missing here.....
no we're not.
where did any of us say anything about whether fiat is or isn't also a circular economy
I'm still waiting for the dictionary definition you promised with a link.
The reason you're so confused is because you think circular here actually means "in a circle".
It doesn't, it means distributed - & if you look through my profile you can see Bitcoin sent to me for goods & then Bitcoin I sent out for goods in return.
It wouldn't be a circular economy if I stopped the flow of distribution & sold for fiat on an exchange.
That's the only way it is not circular, hope this helps you out - if you're stuck here imagining a circle - well - you're absolutely highly regarded among your peers.
For sure you have Asperger's
the bitcoin-nostr circular economy is anyone buying any service or good from any other nostrich with sats and vice versa
so shishi had done a post the other day on your original not where he explained he sold something for sats and then again bought something else (food, seeds, milk) with a part of those sats - etc etc
me sellling design/social media/translation service or art to others for sats and then me buying another service e.g. VPN or other art or leatherwork or whatever else and in turn, those people do the same..
etc etc
that's a circular economy existing parallel from the legacy fiat system
not = note
Sounds like folks just buying stuff in bitcoin over nostr to me....
In circular economies, the $1 i used and wrote on (incribed sats in this case) would eventually make its way back to me...
One day it'll be this way for bitcoin, but we won't be alive for it.
A circular economy is just the ability that you CAN pay eachother p2p like this..
It's a concept that exists on a higher level (macro, meso level)... not individual level
That's not how a circular economy means you are getting the definition of a circular economy wrong..
handy
"others worldwide are already using it as a payment method and settling transactions in their local area."
(Local area being nostr in this case)
"These areas are often referred to as a “Bitcoin circular economy”, or BCE, that runs on principle using bitcoin as their form of payment and unit of account."
(So just because it's bitcoin, it's a circular economy? )
"“Circular” refers to how the bitcoin is recycled inside the ecosystem paying for goods and services instead of being traded for a fiat currency to finalise a purchase."
(Yeah, so...not everyone here on nostr is bitcoin only)
🙄
Make this make sense.....
In general terms, Circular Economy is considered as alternative economic paradigm aiming towards sustainable growth without using up finite raw materials. It advocates that instead of the current Linear Production Economy model, manufacturers need to move toward a system designed to reintegrate all components into continuous processes while maintain product functionality and adding value at every stage of the cycle; therefore reducing both the impact on the environment, and cost associated with wasted resources (both biological and technical). In simpler words: Produce less stuff but produce it better and longer.
A circular economy can exist in the presence of both inflating and deflating money, provided that it operates under certain conditions.
To explain how this would work, let's start by looking at Bitcoin, which is known for its properties of deflation, hard cap, reduced malinvestments, and resistance to debasement and market manipulation.
Unlike traditional fiat currencies, whose values are controlled centrally by governments and can experience significant volatility, Bitcoin uses a cryptographic algorithm called proof-of-work to ensure a predictable rate of coin generation.
Since the total number of coins minted is finite, this effectively ensures that demand always remains above supply.
As the fiat price for the coin goes up with time, this creates a positive feedback loop that incentivizes the circulation of bitcoin within the economy and promotes greater participation in the ecosystem.
Moreover, since Bitcoin's architecture is distributed and permissionless, it eliminates the need for intermediaries like banks or exchanges, which can often manipulate prices through policies such as fractional reserve lending or restrictive regulations on transactions.
Now imagine if we could replicate this kind of self-regulating behavior in a circular economy, we might find ways to avoid many of the pitfalls associated with fiat currencies and conventional markets. Instead of constantly trying to maximize short-term profits, businesses could focus on creating value in the form of recyclable goods and services.
Similarly, households and individuals could participate directly in circular production cycles, perhaps even generating some of their own electricity through solar panels and selling it
good stuff man
1) I didn’t invent the term, nor am i asserting that it is the appropriate term to define Nostr, nor am I claiming a BCE is necessarily even desirable.
2) The thread was kicked off on your claim that Nostr was not a “circular economy” supported by your evidence that you hadn’t received as much BTC as you had sent. However,
3) A Bitcoin circular economy does not depend on every member of the BCE receiving back an equal amount of BCE as they sent. In any economy, individuals will have trade imbalances between each other. This isn’t a problem. You have a trade imbalance with every store you use in any currency. Your employer has a trade imbalance with you. Presumably your purchases and sales are done voluntarily. So you presumably are getting something of equal or more value in your btc transaction, otherwise why would you zap what you are zapping, especially in light of the fact that 99% of the things you can zap in Nostr are “pay whatever you want / tips”. So tracking where the BTC went, is not tracking where the “value” went. So it’s actually a pointless metric. The person selling seeds over Nostr values the btc more than the seeds they are selling. The person buying seeds on Nostr values the seeds more than btc they are trading. Tracking only where the BTC goes misses the other half of the transaction.
4) A BCE does not promise equal income distribution or anything else. The relevant meaning of “circular” in the BCE context is if people use BTC as their form of currency for goods and services within a community, then the BTC received “must” be spent back in the community because there isn’t anywhere else to spend the BTC.
So is Nostr a “circular economy” my hunch would be no, not yet, but not because of the reasons you sight, but because people are not doing enough services through it for anyone to be able to spend their sats on things exclusively on Nostr to trade back the trade imbalances.